A forecaster is assessing two different models for demand.The output from each model and the actual demand data appear in the table.Use MAD and a tracking signal to compare the two models.Which model does a better job of forecasting?
Definitions:
Challenge
A call to engage in a competition or contest.
Corporation
A legal entity separate from its owners, offering limited liability to its shareholders and able to own property and sign contracts.
Close Corporation
A corporation whose shareholders are limited to a small group of persons, often family members.
Shares
Units of ownership in a corporation or financial asset, representing a portion of the company and conferring certain rights and liabilities to the shareholder.
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